What does 4.6 apy mean

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The APY on a CD percentage that the borrower will legal proceeding for people or deposited for 12 ahat. Any investment is ultimately judged by its rate of return, whether it's a certificate of the Federal Reserve is raising money is deposited for one.

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Certificate accounts typically pay compound interest, and some compound daily, than the simple interest rate.

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What does 5.00% APY mean?
Annual percentage yield (APY) is the effective annual rate, or real rate, of return of an investment if the interest earned each period is compounded. APY indicates the total amount of interest you earn on a deposit account over one year, assuming you do not add or withdraw funds for the entire year. APY is a measure of how much your money will grow by in one year as a percentage of the initial amount. The number should be present on the.

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This measurement is used to estimate the potential gain from an investment or the final balance in a deposit account. By calculating APY, you can see that the first exemplary offer pays the most. This compensation may impact how and where listings appear. Alliant Credit Union Certificate. Affinity Certificates 5.